Newton is clearly more geared towards a beginner trader. Its user interface is one of the best in Canada.
You can fund and withdraw from your Newton account for free.
Newton is built in Canada and is FINTRAC regulated. Binance is not and is unavailable to those in Ontario.
Pros
Clean user interface.
No commission fees.
Competitive spreads.
Earn $25 on its referral program.
Cons
Only accepts CAD deposits.
Verification times can be slow.
On website
Kraken
Highlights
Kraken has a substantial choice of tradable assets, but Binance has more.
Kraken’s trading and withdrawal fees are lower than they are on Binance.
Binance is tailored for advanced traders while Kraken is best suited for beginner or intermediate traders.
Kraken is FINTRAC-registered and available anywhere in Canada.
Pros
Large selection of tokens to trade.
Earn rewards by staking eligible assets.
Access to a range of educational materials.
Cons
Limited options to fund your account.
Customise and filter
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